NMI Holdings (NMIH) Free Cash Flow (2012 - 2026)
NMI Holdings' (NMIH) quarterly Free Cash Flow came in at $115.0 million in Q1 2026, up 15.63% year-on-year from $99.4 million in Q1 2025, and up 91.35% quarter-over-quarter from $60.1 million in Q4 2025.
NMI Holdings (NMIH) Free Cash Flow (2012 - 2026) Analysis & Trends
NMI Holdings has disclosed Free Cash Flow across 15 years of filings, most recently posting $115.0 million for Q1 2026.
- Free Cash Flow for Q1 2026 came in at $115.0 million, up 15.63% year-over-year; the trailing twelve-month figure through Mar 2026 was $428.1 million (up 13.62% YoY), and the FY2025 annual result was $412.5 million, up 6.68% from the prior year.
- Free Cash Flow came in at $115.0 million for Q1 2026 at NMI Holdings, up from $60.1 million in the prior quarter.
- In the past five years, Free Cash Flow ranged from a high of $126.9 million in Q3 2024 to a low of $28.6 million in Q4 2023.
- The 5-year median for Free Cash Flow is $99.4 million (2025), against an average of $91.2 million.
- Across the five-year window, Free Cash Flow retreated 29.68% in 2022 and jumped 74.57% in 2025, its largest moves.
- NMI Holdings' Free Cash Flow stood at $29.0 million in 2022, then declined by 1.15% to $28.6 million in 2023, then increased by 20.18% to $34.4 million in 2024, then surged by 74.57% to $60.1 million in 2025, then surged by 91.35% to $115.0 million in 2026.
- The last three Free Cash Flow figures came in at $115.0 million (Q1 2026), $60.1 million (Q4 2025), and $126.3 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Fidelity National Financial | 12.62 Bn | 9.96 Bn | 2.62 Bn | 848.00 Mn |
| 2 | Axis Capital Holdings | 7.48 Bn | 6.61 Bn | - | 505.01 Mn |
| 3 | First American Financial | 7.03 Bn | 4.14 Bn | 1.24 Bn | -32.70 Mn |
| 4 | Enact Holdings | 5.98 Bn | 5.43 Bn | 205.74 Mn | 224.04 Mn |
| 5 | Mgic Investment | 5.62 Bn | 5.37 Bn | 202.12 Mn | 76.72 Mn |
| 6 | Essent | 5.48 Bn | 5.48 Bn | - | 191.23 Mn |
| 7 | Radian | 4.76 Bn | 4.68 Bn | 368.17 Mn | 284.27 Mn |
| 8 | Ryan Specialty Holdings | 4.49 Bn | 4.92 Bn | - | -167.41 Mn |
| 9 | Assured Guaranty | 3.43 Bn | -489.19 Mn | 216.00 Mn | 190.00 Mn |
| 10 | NMI Holdings | 2.86 Bn | 2.78 Bn | 152.85 Mn | 114.99 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 114.99 Mn |
| Mar 31, 2026 | 114.99 Mn |
| Dec 31, 2025 | 60.10 Mn |
| Dec 31, 2025 | 60.10 Mn |
| Sep 30, 2025 | 126.27 Mn |
| Sep 30, 2025 | 126.27 Mn |
| Jun 30, 2025 | 126.71 Mn |
| Jun 30, 2025 | 126.71 Mn |
| Mar 31, 2025 | 99.45 Mn |
| Mar 31, 2025 | 99.45 Mn |
| Dec 31, 2024 | 34.42 Mn |
| Dec 31, 2024 | 34.42 Mn |
| Sep 30, 2024 | 126.94 Mn |
| Sep 30, 2024 | 126.94 Mn |
| Jun 30, 2024 | 115.95 Mn |
| Jun 30, 2024 | 115.95 Mn |
| Mar 31, 2024 | 109.39 Mn |
| Mar 31, 2024 | 109.39 Mn |
| Dec 31, 2023 | 28.64 Mn |
| Dec 31, 2023 | 28.64 Mn |